Housing Minister and Caroni Central MP David Lee has been granted $1 million bail by the High Court.

Lee and firearms dealer Hugh Leong Poi were rearrested by police on October 7, months after a magistrate dismissed fraud charges against them relating to the alleged abuse of a tax exemption for parliamentarians on a luxury vehicle.

Lee and Leong Poi appeared before Master Lisa Singh-Phillip on October 8, where the minister was granted $1 million with a surety, while Leong Poi was granted $600,000 bail with his named surety approved by the court.